REC limited Q3 FY22: reported highest quarterly profit

New Delhi: A Navratna company under the Ministry of Power, REC Limited registered its yet another strong financial performance.

Here are some key highlights:
- Registered highest ever quarterly profit of Rs.2,773 crore.

-Third Interim Dividend of 6/- Per Share

-All-Time High Net Worth Rs 50,258 Crore

-MoU score with Ministry of Power for FY21 100%

-All-Time High Loan Book Rs. 3,88,760 Crore.

The leading infrastructure finance company with a net worth of over Rs. 47,000 crore (as on 30 September 2021) involve in financing projects in the complete power sector value chain, be it generation, transmission, or distribution.  

Declaration of 3rd interim dividend @6/- (Rupees Six only) per equity share of Rs 10/­ each for the financial year 2021-22. Further, the record date for the said interim dividend is Wednesday, February 16, 2022, and the said interim dividend shall be paid/dispatched on Thursday, March 3, 2022, to those shareholders whose names appear (a) as beneficial owners in the statement(s) furnished by the depository(ies) as on the close of business hours on Wednesday, February 16, 2022, in respect of shares held in electronic form; and (b) as members in the register of members on Wednesday, February 16, 2022, in respect of physical shares.

Further, in terms of the SEBI circular dated May 20, 2020, the impact of a covid-19 pandemic on the Company is also enclosed with the said financial results. 

Read Also : DVC Signs Power Purchase Agreements with GUVNL